Today (Wed 17th July 2013) silver was slammed down, so it time to review the dominant cycle to see where we are.
Silver Etf (SLV) has a very strong weekly 210 period cycle and it suggest that there is little down side to go, however SLV could still print between $15 and $17 in the near future. As always watch for a base to build before jumping in.
Investing Quote...
"Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does the damage to the pocket book and to the soul." ~ Jesse Livermore
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway" ~ Warren Buffett
